SGB Update Apparel
Investor Group Urges Kellwood to Reconsider Sale
CtW Investment Group on Wednesday called on the board of Kellwood Co. reconsider a sale of the company. In a letter to Kellwood presiding director Harry Weinberg, CtW criticized the St. Louis-based apparel company's board for failing to 'open a
Under Armour Looks to Expand Workforce and Workspace
According to local reports, Under Armour Inc. plans to significantly expand its work force, adding approximately 300 new members to its current 450-strong workforce. To help cope with this increased headcount, the company plans to renovate warehouse space
The Walking Co. Plans 8 New Openings Before Holidays
The Walking Company has opened seven new stores in November with an additional eight new locations scheduled for pre-holiday opening. These new store openings are in addition to the eight locations to be acquired in the pending purchase of the Natural Com
Element 21 Golf Signs Endorsement Deal with Maltbie
Element 21 Golf Company has signed a two-year endorsement agreement with 5-time PGA winner and NBC golf commentator Roger Maltbie. Under the terms of the contract, Mr. Maltbie will endorse Element 21 Golf equipment including golf club shafts, golf club dr
Golf Counterfeit Ring Busted in North Carolina
Acushnet Company, which is comprised of the Titleist, FootJoy and Cobra golf equipment brands, reports that it played an integral part in the arrests of two North Carolina residents by state authorities. The two residents of Vass, North Carolina, were cha
Quiksilver Closes Sale of Cleveland Golf
Quiksilver, Inc. has closed the sale of Roger Cleveland Golf Company, Inc. to SRI Sports Limited. The sale, which was effective as of December 10, 2007, carried a transaction value of $132.5 million, with net proceeds to Quiksilver, Inc. of approximately
Vail Q1 Mountain Revenue Down 7.9%
Vail Resorts, Inc. saw its Mountain revenue decrease $3.6 million, or 7.9%, in the first quarter of fiscal 2008 to $42.5 million from $46.2 million for the same quarter last fiscal year. Mountain Reported EBITDA decreased $4.0 million, or 12.2%, to a loss
Skechers Targets China with JV…
Skechers is expanding its sales and distribution in China through a joint venture with Luen Thai Enterprises, a conglomerate based in Hong Kong, that will be aptly named, Skechers China. Over the next three years, the JV expects to open more than 1,200 po
Forzani Lands 100 New Doors with Athletes World Acquisition…
The Forzani Group closed its deal to acquire Athletes World Limited last week. Forzani paid $1.5 million for the shares of Athletes World and the inter-company debt. Forzani also assumed the secured debt, which was approximately $20 million. Roughly $17 m
Confluence Appoints Rechner as President and CEO…
Confluence Watersports has named Sue Rechner president and CEO, effective, December 17, 2007. Rechner has more than 15 years of experience in consumer products and was previously president of Victorinox Swiss Army, Inc. She also simultaneously served as
OR Winter Market Creates New Layout for 2008…
Outdoor Retailer Winter Market will be expanding upon the focused areas featured at Summer Market with a variety of categories gathered in distinct sections of the show floor…
MEC Pulls Polycarbonate Plastic Off Shelves…
According to Canada’s Globe and Mail, Mountain Equipment Co-op has pulled most food and beverage containers made of polycarbonate plastic from its shelves due to possible health risks. The action will see nearly all plastic containers removed from the ret
The Walking Co. Thanksgiving Comps Surge 20%…
The Walking Company saw comparable store sales increase approximately 20% for the three-day Thanksgiving weekend. The shoe chain also saw low-double-digit comparable store sales for months of October and November. Andrew Feshbach, CEO of Big Dog Holdings,
SIA.08 Ramps Up Sustainability…
SnowSports Industries America will be ramping up its environmental efforts this year with several new initiatives and practices. New for the SIA.08 SnowSports Trade Show is the ECOsource Market Segment exhibit. This special exhibit will feature exhibitor’
Zumiez Sees November Comp Sales Growth Slows…
Zumiez Inc. recorded a 5.6% increase in same store sales for fiscal November. The comps improvement comes on top of a 12.1% jump in the year-ago month. Total net sales for the four-week period increased 28.5% to $33.3 million, compared to $25.9 million fo
